Hilco completes Habitat restructuring
Hilco UK has completed a multi-stage restructuring of the worldwide Habitat business. As part of the restructuring process, Home Retail Group has acquired the rights to the Habitat brand in the UK, together with three flagship stores in London and Habitat’s award-winning online operation. The transaction will enable Habitat to redevelop across the UK in a more contemporary and relevant manner.
Habitat has also agreed a commitment to sell the profitable international business to Cafom SA, the French home furnishings giant that operates the Conforama and BUT stores throughout Europe. Cafom will, subject to Works Council and competition clearance in France, take all 38 stores across France, Germany and Spain, together with the rights to the brand outside the UK and Ireland.
This entry was posted on Thursday, July 21st, 2011 at 2:03 pm.